Dan Loeb: Down On Hope, Up For For The Year

The Down:

The up:

Third Point Second Quarter Letter 2011 [PDF]

Comments (69)

  1. Posted by NakedShort | July 24, 2011 at 12:24 AM

    First!!!!!!!!nn

  2. Posted by A Dan Loeb Wannabe | July 24, 2011 at 12:01 PM

    I am the eggman, they are the eggmen.nI am the walrus, goo goo g’joob g’goo ngoo g’joob.n-The Beatles,’I am the walrus’

  3. Posted by Not_Matt_Levine | July 24, 2011 at 2:05 PM

    I thought the ‘I have to go to work’ thing was Bessie’s way to avoid the late afternoon / early evening wood. My bad. Please ignore the 69 messages that I left in your inbox.

  4. Posted by Hope_2012 | July 24, 2011 at 2:15 PM

    Watch it.nn-Obama

  5. Posted by Tuckhead | July 24, 2011 at 2:48 PM

    Your returns suck and you are blaming the president? Time to pull your money from this fund. Instead of watching fox news these guys should learn how to invest .

  6. Posted by Guest | July 24, 2011 at 5:11 PM

    you are an idiot

  7. Posted by quanttrader | July 24, 2011 at 8:08 PM

    Ok, if there was no stimulus (included $400 billion in tax cuts) we would be in a depression.u00a0nnI agree that debt should be reduced but the debt reduction requires 2 components to be effective – Tax Increases/Closing loopholes and Govt. Spending cuts starting in 2012. But Tea party zombies are adamant just about cutting govt spending and nothing

  8. Posted by Grow up | July 24, 2011 at 8:43 PM

    Its incredible how whiny hedge fund managers are. u00a0They keep up this charade that the performance fees they earned on carried interest are based on “invested capital” when its really based on other investor’s capital. u00a0I have yet to see any compelling evidence that anyone other than fund managers would be worse off if the carried interest loophole was closed. u00a0Cry me a river. u00a0

  9. Posted by trojan | July 24, 2011 at 9:40 PM

    Then he went up from there to Bethel; and as he was going up by the way,n young lads came out from the city and mocked him and said to him, u201cGo nup, you baldhead; go up, you baldhead!u201d When he looked behind him andn saw them, he cursed them in the name of the LORD. Then two female bearsn came out of the woods and tore up forty-two lads of their number.n-2 Kings 2:23-25

  10. Posted by Anonymous | July 24, 2011 at 11:23 PM

    RIIIIIGGHHTTTT….because I am sure that you have multiple billions from running your fund. You clearly don’t work at a fund if you think most hedge fund people watch Fox News.u00a0

  11. Posted by Anonymous | July 24, 2011 at 11:27 PM

    …then explain to me why stock options (while being classified as compensation) can be structured such that only capital gains taxes are paid AND potentially pay a CEO hundreds of millions while the stock goes in the crapper.u00a0

  12. Posted by Anonymous | July 24, 2011 at 11:29 PM

    …and don’t give me the bullshit about how not taxing/accounting for/expensing stock options creates a vibrant entrepreneurial environment.u00a0

  13. Posted by Guest | July 25, 2011 at 1:19 AM

    huh?

  14. Posted by Guest | July 25, 2011 at 1:20 AM

    “because I am sure that you have multiple billions from running your fund.”nnyou don’t know dick about anyone on here…

  15. Posted by Guest | July 25, 2011 at 1:21 AM

    “Ok, if there was no stimulus (included $400 billion in tax cuts) we would be in a depression. “nnYup.

  16. Posted by Saint Nick | July 25, 2011 at 1:53 AM

    class warfare…………..stirring up class warfare……………………….. Why did you post this Bess Levin?u00a0

  17. Posted by Grow up | July 25, 2011 at 2:55 AM

    I think you’re right. u00a0The profit on exercising an in the money option that was granted should be taxed as ordinary income. u00a0Once you continue to own the stock the gains above that level should be capital gains because now you have real capital invested in the stock (just like everyone else). u00a0

  18. Posted by Guest | July 25, 2011 at 11:51 AM

    Because this is a site about Wall Street and this is a letter from a hedge fund manager to investors. Any other brain busters or are you fresh out?

  19. Posted by 25th Hour Trader | July 25, 2011 at 11:54 AM

    “It’s all about bucks kid, the rest is conversation.” – GGnn-Trader who prefers to focus on what he can control (when to trade, how to manage risk, etc.) rather than what he can’t (politics). u00a0

  20. Posted by HFguy | July 25, 2011 at 11:58 AM

    I like the new DB look but I dont know what I am looking at.

  21. Posted by Put_Option | July 25, 2011 at 1:28 PM

    You made the same mistake Bloomberg.com did. Don’t fix what is not broken

  22. Posted by Buzz | July 25, 2011 at 1:38 PM

    Agreed.u00a0 The new bloomberg sucks

  23. Posted by Someguy | July 25, 2011 at 1:42 PM

    People don’t get deflation, but everyone gets unemployment.u00a0 U-6 unemployment this year is something like 16%.u00a0 If you look at the methodology behind the 25% unemployment rate in 1933, and adjust it to the U-6 measure, you wind up in the 15-20% range (hard to say, since society is very different today).u00a0 For most working families, we are in a depression.nnBut, you know, it’s all just a bunch of wingnuts, teabaggers, hoarders, wreckers, etc., robbing us of our bright future in a hopey-changey tomorrow.

  24. Posted by Winkelvii | July 25, 2011 at 2:02 PM

    Bess, did Mark Zuckerberg put you up to this? u00a0That douche is always changing website looks.u00a0

  25. Posted by Anonymous | July 25, 2011 at 3:43 PM

    Oh, okay.

  26. Posted by Put_Option | July 25, 2011 at 4:53 PM

    I still love ya like a fat kid hates the onset of Type II Diabetesu00a0

  27. Posted by Anonymous | July 26, 2011 at 6:55 PM

    Brainzzzz…you need some brainzzzznnn-Tea Party Zombie

  28. Posted by Anonymous | July 26, 2011 at 6:56 PM

    We got to chase dem crazy baldheads out of our town…nnn-The Ghost of Bob Marley

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